Addis Ababa: The desires of several companies across the globe to invest in Ethiopia have been growing due to the existing favorable investment opportunities in the country, Ethiopian ambassadors disclosed.
The ambassadors told ENA that that a growing number of companies located in various countries are desirous to invest in Ethiopia due to the country’s current favorable investment climate.
The diplomats went on to say that Ethiopia’s development initiatives are instrumental to establish international market linkages.
Ethiopian Ambassador to Pakistan Jemal Beker said Ethiopian ambassadors and head of missions across the globe are engaged in a variety of activities to attracting Foreign Direct Investment and business interactions with foreign companies as economic diplomacy is one of the main tenets of Ethiopia’s foreign policy.
The main objective of the economic diplomacy is to draw investments that are essential to bolstering product and productivities, ambassador Beker said pointing out Ethiopia’s enor
mous potential in manufacturing, agriculture, chemical industries, manufacturing and pharmaceuticals, among other sectors.
The envoy also spoke of Pakistan’s eagerness to further elevate its economic cooperation with Ethiopia, citing the visit made by an 80-person Pakistani investment delegation to Ethiopia last year.
Similar promotion activities have also been underway to bring a large number of Pakistani investors to visit Ethiopia with a view to help them explore the huge potential in the country.
Belarus Countries Deputy Mission Head, Ambassador Shamebo Fitamo for his part said investors of several European countries are very much desirous to engage in Ethiopia in various economic sectors.
According to ambassador Shamebo, beginning this month, several investors from European countries who wish to engage in various sectors in Ethiopia are expected to visit the country.
‘There are companies that have already been granted investment licenses to engage in horticulture and pharmaceuticals in Ethiopia. The
re are also other companies in process and requesting to invest. Additionally, we have been contacting several large corporations in Europe to persuade them to work in Ethiopia. The feedback we’ve been getting is quite positive. There are scheduled visits to Ethiopia by other companies too.’
Ethiopia’s ambassador to Japan, Daba Debele stated that initiatives are in place to entice Japanese investors to work in Ethiopia’s mining, energy, and agriculture sectors.
He also indicated about efforts being exerted to strengthen technology and knowledge transfer from Japan to Ethiopia.
The ambassador mentioned that three Japanese investment delegations had recently visited Ethiopia to look into potential investments and had discussions with relevant officials. Other delegations consisting of influential Japanese corporations are also anticipated to make similar visits in March.
Source: Ethiopian News Agency
RUNDU: A government official from the Ministry of Environment, Forestry and Tourism was arrested on Thursday for the alleged misuse of a government vehicle to transport 39 bags (50 kilograms) of private animal feed without the necessary permits.
The Namibian Police Force’s Acting Regional Commander in the Kavango East Region, Deputy Commissioner Eino Nambahu, told Nampa on Sunday that the suspect was allegedly transporting the 39 bags from a dwelling in Sauyemwa informal settlement to his house in Tuhingireni informal settlement.
The suspect had also allegedly intended to drop the 39 bags off at his farm at Karukuhwisa village at a later stage, however he was intercepted by an undercover police officer.
The 39 bags of animal feed were seized.
The suspect is set to make his first appearance in the Rundu Magistrate’s Court on Monday.
Nambahu said government vehicles are issued with a monthly trip authority that describes the role of the vehicle, whether administrative or operational, and indicates who the
assigned driver is.
‘All trips are controlled and authorised by a supervisor. However, some of the drivers are taking a chance, especially after working hours, to carry out and conduct private businesses. A situation that is totally unbecoming,’ he said.
He further warned drivers of official vehicles to cease this practice and that the supervisors responsible must ensure proper control over these fleets.
‘No official vehicle will be expected to be spotted parked at bars or being driven after hours unless having an exception to drive after hours because of the critical nature of duties performed. Our undercover operatives are on the ground to observe these kinds of practices and whoever is observed doing that will be brought to order through the court of law,’ he stated.
Source: The Namibia Press Agency